Wall Street’s Takeover of American Pensions: ‘A Policy Justified Entirely on Ignorance’

[Wellstone ruled]

1. Now do you believe me.

This slow walk of our pensions has been going on since the RayGun Administration started the famous Supply Side garbage. Part and Parcel of the 80's Bank Fraud Scandal,just a method of recapitalizing the Banks after the so called clean up of the S&L's were pensions were required to hold less than AAA rated bonds. Now all the Chickens came home and guess what,Wall Street wants their money back with interest. Noticed the other day where the Pension Recovery Fund is 68 billion short. Just the start,with total control of the Senate and House,the next target is our Social Security Trust as well as changes in how we will be able to access our IRA's and 401's. And you wonder why people distrust Governmet.